1.1. The following are terms of a legal agreement ("Agreement") between you and MYC4 A/S ("we" or "us" or “investor”) that sets forth the terms and conditions for your use of this web site www.myc4.com ("Site" or “Platform”). The Site is owned and operated by us. This Site is being provided to you expressly subject to this Agreement. By accessing, browsing and/or using this Site, you acknowledge that you have read, understood, and agree to be bound by the terms of this Agreement and to comply with all applicable laws and regulations. The terms and conditions of this Agreement form an essential basis of our relationship.

1.2. This Agreement may be modified by MYC4 A/S at its sole discretion from time to time and such modifications shall automatically become part of this Agreement and shall be effective once posted by MYC4 A/S on the Website. You should check this Agreement periodically for changes.Your continued use of the Website will be subject to any such modifications and constitutes your agreement to be bound by any such changes.

1.3 We may terminate, suspend, change, or restrict access to all or any part of this Site without notice or liability at our own discretion.

1.4 We may also terminate the agreement on our own discretion.

1.5 In the event that we terminate access to the site or terminate your agreement, we will send you the amount credited to your account. This will not affect your obligation to repay the amount in case you are a borrower. In case you are an investor who still has outstanding loans, access to the account will be cancelled but the account will remain open and administered by MYC4 A/S until all loans are repaid or defaulted. In this case, MYC4 A/S will transfer any outstanding balance back to you once a year.

2.2. The MYC4 A/S marketplace is built around a network of Providers who screen the businesses looking for a loan, and Administrators, who handle financial transactions.

2.3 MYC4 A/S will not be part of the actual lending, but act as an agent facilitating the interaction of the Investors, Borrowers, Providers and Administrators.

2.4 Lending documents will be made by the local African financial institution (Administrator) that is also responsible for taking collateral, if any, and acting on behalf of the amounts committed by the investors on the MYC4 A/S platform.

2.5 In many cases MYC4 A/S has signed a Partner Risk Sharing Agreement with the Provider to cover part or the entire default risk; however, this does not cover currency risk. MYC4 A/S will make all commercially reasonable efforts to enforce these Risk Sharing Agreements by the instruments it considers appropriate. MYC4 will not be liable in case the Agreement is not enforceable.

2.6 The same entity could act as both, Provider and Administrator (Partners), on a particular business.

3. Terms of Trade

3.1. It is free to invest on MYC4 A/S, but if your account becomes inactive (meanig you do not place any bids for a period of one year or more) you will be charged a monthly fee of €1. MYC4 reserves the right to introduce other fees in the future. These fees will be announced on the website with one month’s notice. It might cost you a fee to the bank to transfer money from your bank account to your MYC4 Account or the other way around. These fees will be subtracted from the transferred amount.

3.2. When a Business makes a repayment on the loan, the repayment is transferred back to your MYC4 A/S Account. When the repayment is in your Account you can reinvest the funds that you have received. You will only receive interest on the money that you have invested in African Businesses. You will not ear interest when the money is still in your Account or in a Bid or in transit between MYC4 and the Business.

3.3. You can withdraw the available amount on your MYC4 account at any time. Though for the first 90 days from activation of your account, withdrawals to a bank account will not be possible if the original amount has been uploaded with a credit card. This limitation is to avoid fraud and money laundering. Money can however be refunded to your credit card (the same credit card, which was used for the initial upload) earlier than the 90 day period, if the full amount of the individual transaction is still available on your MYC4 account. E.g. if you have uploaded €100 from a credit card and you still have €100 on your account balance, the amount can be refunded to your credit card on request.Important: Due to US legislation it is not allowed for US citizens to withdraw money from MYC4. We are still working on a legal solution which will allow North Americans to withdraw money from their MYC4 account. However, there is the likelihood we will not be able to obtain this authorization. So, if you agree that you will not withdraw any money at any time from MYC4, you are most welcome aboard.

3.4. When investors transfer money, these funds are separated from MYC4 A/S’s funds both in terms of separation of cash flow and bank accounts, which means in the unlikely event of MYC4 A/S going out of business, your money will be safe. In that regards, MYC4 A/S has established MYC4 Foundation (CVR 32068723) to hold the investors funds until the investors have made their investments via the platform and subsequently when the investors receive return of their money. The bank account holding Investor funds is denominated “Investor Funds” to reflect that it is for the benefit of Investors and not MYC4 A/S. Investors have full ownership of the funds at the bank account according to their individual accounts at www.myc4.com. MYC4 A/S has the right to administer all funds on the account. MYC4 A/S’s creditors cannot levy execution on the funds in the bank account containing investor funds.

3.6 The loan Administrator has the responsibility to take charge of the borrower securities after default and to carry out the collection process as considered appropriate by MYC4 A/S. The Administrator has the right to recover its collection process related costs that are attributable to any part of services rendered in respect of the realization of borrower security. These shall be deducted from the proceeds from realizing any such Borrower Security provided that collection process related costs shall not exceed twenty percent (20%) of the value of the principal loan amount. When the Administrator, in MYC4 A/S’s judgment, is not able or willing to carry out these collection responsibilities, and when MYC4 A/S deems (at its sole discretion) that it is in the investors’ best interests, MYC4 A/S has the right to initiate additional collection efforts and to fund the cost out of the collections and offset in the repayments to the investors.

3..7 In accordance with normal legal practice in Denmark, MYC4 A/S reserves the right to take over dormant funds in dormant Investor accounts. A dormant account is an account with no repayments, investments or other financial transactions to the account for a period of three years or more. Before taking over te funds, MYC4 A/S will attempt to inform the investor that their account is dormant by sending a notice to the email account given by the investor.

4. Risks

4.1. As a potential risk in any investment and even though MYC4 Providers will go to great length to ensure that the Businesses are solid and have good prospects, there is no guarantee that you will see a return of your investment. You can in fact loose all your investments and not only your interest.

As an investor you run the following risks:

4.2. Business risk refers to a business' ability to define correct strategy and implement it successfully. The risk is classified as business risk specifically, if a business fails independent of the macroeconomic trend.

There is always a risk of losing your investment if, for example, the hair salon in Uganda or the restaurant in Kenya fails. Therefore we always recommend that your spread your investments in a portfolio of several different Businesses.

4.3. Currency Risk is a form of risk that arises from the change in price of one currency against another. Whenever investors or companies have assets or business operations across national borders, they face currency risk.

When you invest in different Businesses in different countries and thereby different currencies, you expose yourself to risk. The risk arises because currencies may move in relation to each other – euro against local African currency.

Please be aware that there is a Currency Risk on your investment when investing in some African countries and the size of the currency risk various from country to country. You should consider the potential currency losses or gains when setting the interest rate on your bid. Some general information or historical trends of the currencies in the countries where MYC4 A/S does business is available on the platform; however MYC4 takes no responsibility for the usefulness of this information.

There is also currency risk for the investor if for any reason a business decides to cancel the funded loan before disbursement.

The investor bears the currency risk from the gains or losses due to the changing exchange rates. The investor also bears the cost of the spread between the buy and sell rates or other fees related to currency conversion.

4.4 Political risk refers to change in the macro-economic and social policies that have implications on the economic activities.

Sub-Saharan Africa is changing, as countries reform their business environments and the growth accelerates. High returns are often offered in African infrastructure projects and in other growth sectors, but some of these investments are in a high political risk environment.

5. Account Security

5.1. When you enter MYC4 A/S we will check your identity by asking for Username and Password. As long as the correct Username and Password are entered, we will assume that you are the person giving instructions and making transactions and you will be liable for them. You must therefore keep your Password secret and make sure that they are not stored on your workstation in a way that enables others to impersonate you.

5.2. We can refuse to act on any instruction that we believe:
(i) was unclear;

(ii) was not given by you; or

(iii) might cause us to breach a legal or other duty; or if we think MYC4 A/S is being used for an illegal purpose.

5.3. You must never tell anyone else your Password and you must never write it down without disguising effectively.

5.4. You must tell us as soon as possible if you think that someone else knows your Password or can use MYC4 A/S by impersonating you. Until you tell us: 1. you will be responsible for any instruction which we receive and act on, even if it was not given by you; and 2. we will not be responsible for any unauthorized access to confidential information about you on MYC4 A/S.

5.5. We will do all that we reasonably can to prevent unauthorized access to MYC4 A/S. As long as you have not broken the other terms contained in sections 5.3, 5.4 and 5.6, we will accept liability for any loss of funds in your MYC4 A/S account resulting directly from any unauthorized access to MYC4 A/S.

5.6. To further secure your account you need to enter a Legal Name, which you will be required to provide when attempting to withdraw money from your account. This name has to match the name of the person's bank account to which the money in your MYC4 A/S account has to be transferred. This information will be locked so that it cannot be changed without a MYC4 A/S Staff's intervention.

5.7 We may terminate your account immediately and without any notice If we are aware of or reasonably suspect that you are engaged in, or maybe the victim of any fraudulent activity or money laundering. We will then notify you of any such termination as soon as is reasonable practicable.

When we terminate your registration, we will send you the amount credited to your account. This will not affect your obligation to repay the amount in case you are a borrower. In case you are a investor who still has outstanding loans, access to the account will be cancelled but the account will remain open and administrated by MYC4 A/S until all loans are repaid or defaulted. In this case, MYC4 will transfer any outstanding balance back to you once a year.

5.8. We also terminate an account when it becomes Dormant according to 3.7.

6. Limits on Liability

6.1. We shall not be liable for any indirect, special or consequential loss or damage, including loss or damage arising out of or in connection with lost data, lost profits, damage to goodwill or business interruption, any delay or failure to perform its own obligations under these principles due to circumstances beyond our own reasonable control.

7. Taxes

7.1. This Agreement does not attempt to define the tax implications of participating in the Platform. If you participate in the Platform, you should consult with your own accountants, tax and legal advisors.

7.2. Interest earned on investments through MYC4 can be found in Profit and Loss. Here you can see the interest earned in any specific year or the cumulated total.

MYC4 is not responsible for reporting your interest income to the tax authorities.

8. General

8.1. If any part of these General Conditions that is not fundamental is found to be illegal or unenforceable, such finding will not affect the validity or enforceability of the remainder of the general conditions.

8.2. Any notices we give you shall be given in writing to your email address or via the MYC4 A/S platform.

8.3. The records kept in MYC4 A/S shall be conclusive of the facts and matters they purport to record.

8.4. "C4-world" and "MYC4", and related design, are trademarks of MYC4 A/S.

8.5. If we do not strictly apply our rights under the General Conditions at any time, that will not prevent us from doing so later.

8.6. The General Conditions are in English and governed by Danish law which shall also apply to the establishment of our relationship with you. We will only write and communicate with you in English.

8.7. Privacy statement: MYC4 A/S does not sell, rent or share your personal information with any third parties. When creating a profile on MYC4 A/S, you accept that the profile is public and might appear in e.g. a Google search. Your Legal Name is however not made public, and you are welcome to use a pseudonym as your User Name on MYC4 A/S if you wish to keep your profile on MYC4 A/S private.

8.8. By establishing an account on MYC4 A/S you agree to receive emails based on your account activity, for example, confirmations of loans you have made, confirmation receipts for donations you have made, notifications of loan repayments you have received, statements on the amount of credit available in your MYC4 A/S account, confirmation of email address or password changes, or costumer service inquiries regarding activity in your account.

8.9. Avatar: We encourage that your profile picture (Avatar) and profile text does not offend any Investors on MYC4 A/S. If necessary, MYC4 A/S reserves the right to modify the contents of your profile, should it offend either MYC4 A/S or Investors on the platform.

9. Governing law and venue

9.1. The agreement is governed by Danish law and disputes arising from the agreement shall be settled by the Maritime and Commercial Court in Copenhagen. Danish rules of international choice of law do not comply.

10. Contacting us

10.1. If you have questions regarding the general conditions or the practices of MYC4 please contact us by email at info@MYC4.com or by regular mail at MYC4 A/S, Sankt Anne Plads 19A, 2 DK 1250, Copenhagen K. Our CVR-number is 29603863.

10.2 If you have questions to MYC4 Foundation can you contact the foundation by email at info@MYC4.com or by by regular mail at MYC4 Foundation, Sankt Anne Plads 19A, 2 DK 1250, Copenhagen K. The foundation’s CVR-number is 32068723.

11.1 Any Business (represented by an individual Loan Applicant) applying for a Loan must provide formal documentation for identity verifications to MYC4 A/S and/or our Partners.

11.2 Any Business applying for a Loan understands and accepts that the decision as to whether or not the Business qualifies for a Loan is subject to a thorough due diligence process, where the Business must provide all necessary documentation and files.

11.3 The Business understands and accepts that information about the Business (including picture, name, Loan details, accounts, and other information about the business) will be available to all users on the site once the Loan has been uploaded for funding.11.4 When a Business signs up for a Loan application at MYC4 A/S and preselects a specific Provider to handle the application, the application is forwarded to that Provider. If the selected Provider rejects the application or has not accepted to review the application within a period of time, the data will be made available to all of MYC4’s Providers in that country.